Police arrest 6 people believed to be involved in new loan scam

The police have uncovered a new loan scam, in which the victims are asked to deposit a sum in a bank account, before being lent money.

Four men and two women, including a Chinese national, in connection to this scam have been arrested, said a police spokesman on Friday.

The four are believed to have facilitated the scam by allowing their bank accounts to be used.

The victims would first receive a random message on their phone, asking them to call a number should they require a loan. They are then asked for their NRIC issue date and Singpass. This was claimed to be for verification, and the amount to be transferred, taken as a guarantee that the borrower had the means to return the money.